Money & Banking

RBI cautions on fake notes, SMS

Our Bureau Hyderabad | Updated on October 29, 2012 Published on October 29, 2012

The Officials of Reserve Bank of India have advised people to be vigilant about fake notes and fake SMSes. Talking to a gathering on financial literacy aspects, they explained the features of genuine currency notes.

A.S. Rao, Regional Director, RBI, in his remarks at an RBI’s urban financial inclusion-cum-outreach programme recently said the apex bank was making efforts to inform the general public about financial literacy aspects through these efforts.

Syndicate Bank, which organised the event, mopped up 2,000 new savings bank accounts as part of its efforts in financial inclusion, at the Natco Government High School here.

The Programme was designed in consultation with the local people of Borabanda and with their participation. The area is surrounded by Bastis inhabited by daily-wage earners and lower middle class people. Syndicate Bank donated/sponsored a range of activities designed to help the people, a release said.

M. Anjaneya Prasad, Executive Director, Syndicate Bank, told the gathering that the bank was taking lot of initiatives to extend various banking facilities to the needy people at affordable cost. T.R. Viswanathan Nair, general Manager Syndicate bank, Hyderabad said the bank has adopted the locality and shall work with the people in the coming days for their welfare.

The Local Self Help Groups put up stalls at the venue in the exhibition cum sale of products manufactured by their members. Loan sanction letters/cheques were handed over to 18 Groups and to 22 beneficiaries under various Govt. sponsored schemes, the release added.

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Published on October 29, 2012
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